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Engen

Engen

Industry: 
Energy
Country: 
South Africa
Sources: 

"Refiners in South Africa include Shell, BP, Total, Chevron, petrochemicals group Sasol , and Engen, majority-owned by Malaysian state oil group Petronas. BP, Chevron, Sasol and Engen said earlier this year that they have either stopped or were not sourcing any Iranian crude. Trade data from March showed, however, that imports of Iranian crude had gone up from the previous month. " (Reuters, "S.Africa keen to replace Iranian crude with Nigerian," 5/24/2012)

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"Petronas' South African unit Engen said on Wednesday it had halted all imports of crude from Iran after deciding the sanctions placed on the Middle Eastern country were a risk to its security of supply. 'We have been working on diverting our supply since identifying Iran as a risk,' said Engen spokeswoman Tania Landsberg. Engen, the biggest South African buyer of Iranian crude, is majority-owned by Malaysian national oil company Petronas. While Landsberg would not comment on when Engen stopped imports, a Petronas source told Reuters last month Engen had stopped buying Iranian oil from March." (Reuters, "Petronas S.Africa unit Engen ends Iran crude imports," 4/4/2012)